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2013.02.19 08:20

PSAR trader v2 - expert for MetaTrader 4

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votes: 5

PSAR trader trades using parabolic SAR signals. If you downloaded the other versions it is recommended you update it with this version.

The EA includes a time filter and supports ECN brokers. The none straight forward settings are explained below:

  • CloseOnOppositeSignal- If true if an opposite signal is given all trades that had been opened with the previous signal will be closed.


  1. The EA is designed for 5 digit brokers since most major brokers are 5 digit nowadays.
  2. Its up to you to discover the optimum settings for your strategy the default settings have not been tested/optimized.
Accelerator Oscillator (AC) Accelerator Oscillator (AC)

The Acceleration/Deceleration Indicator (AC) measures acceleration and deceleration of the current driving force.

Average Directional Movement Index (ADX) Average Directional Movement Index (ADX)

The Average Directional Movement Index Indicator (ADX) helps to determine if there is a price trend.

TP-SL_Removing TP-SL_Removing

Immediately deletes the SL/TP of all positions.

Closed_TOTAL Closed_TOTAL

Total closure of all positions (winners/losers). You can also select which are of a single instrument.